History suggests that President Donald Trump's new "Too Late" nickname for Fed Chair Jerome Powell has a strong chance of coming true. Fed leaders have been criticized as slow to act absent compelling data showing them something needs to be done.

The Federal Reserve’s refusal to acquiesce to Trump’s Interest rate cut requests has led Powell to become one of Trump’s biggest targets.

President Trump said the following Thursday during the announcement of the US-UK trade deal when asked about Federal Reserve Chair Jerome Powell: QUESTION: The Federal Reserve Chairman says that you would have to call him for a meeting.